To be able to explain what bitcoin is - imagine a totally, comprehensively protected gold coin, capable of instantly moving to any point of the globe. This Bitcoin-coin can not be faked, can not be duplicated or banned at any level, it can be repaid at any time. In addition, Bitcoin does not have wear, which is typical for all conventional coins.

What is Bitcoin (bitcoin, btc, Btk, bitcoin) in simple words? This is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin.